The City of New York added a new subway station in a neighborhood between two existing stations. After the station was built, the average house price increased by $12,000 and the average commute time fellby 15 minutes per day. Suppose that there is one commuter per household, that the average commuter works5 days per week, 50 weeks per year, and that the benefits of reduced commuting time apply to current andfuture residents forever. Assume an interest rate of 5%. Produce an estimate of the average value of timefor commuters based on this information.